Fisher Asset Management LLC Has $5.44 Billion Position in Caterpillar Inc. $CAT

Fisher Asset Management LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 9,493,266 shares of the industrial products company’s stock after acquiring an additional 54,069 shares during the quarter. Caterpillar makes up approximately 1.8% of Fisher Asset Management LLC’s holdings, making the stock its 10th biggest holding. Fisher Asset Management LLC’s holdings in Caterpillar were worth $5,438,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CAT. Illinois Municipal Retirement Fund grew its holdings in shares of Caterpillar by 7.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock worth $8,237,000 after purchasing an additional 1,181 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Caterpillar during the 3rd quarter worth about $8,893,000. State of New Jersey Common Pension Fund D increased its position in shares of Caterpillar by 2.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 165,677 shares of the industrial products company’s stock worth $79,053,000 after purchasing an additional 4,010 shares in the last quarter. Juno Financial Group LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $877,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Caterpillar by 3.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 73,363 shares of the industrial products company’s stock worth $35,023,000 after purchasing an additional 2,565 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s Power & Energy business is being highlighted as a major growth opportunity, with rising backlog, capacity expansion, and demand from AI data centers supporting the company’s longer-term targets. Article Title
• Positive Sentiment: Separate coverage is reinforcing Caterpillar as a “power infrastructure play,” helped by a strategic framework agreement tied to up to 2.1 gigawatts of incremental power-generation assets, which suggests additional demand beyond its core construction and mining equipment businesses. Article Title
• Positive Sentiment: Caterpillar was also mentioned among the stocks helping drive a strong Dow rally, indicating broader investor demand for the name during today’s market advance. Article Title
• Neutral Sentiment: Caterpillar was included in a hedge-fund stock screen, which may reflect institutional interest, but the item did not add a clear new catalyst by itself. Article Title

Caterpillar Price Performance

CAT opened at $880.23 on Monday. Caterpillar Inc. has a one year low of $336.24 and a one year high of $931.35. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. The company’s 50 day simple moving average is $791.73 and its 200-day simple moving average is $691.69. The stock has a market capitalization of $405.42 billion, a P/E ratio of 43.81, a price-to-earnings-growth ratio of 1.74 and a beta of 1.63.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The business had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $16.53 billion. During the same period in the prior year, the firm earned $4.25 earnings per share. Caterpillar’s revenue was up 22.2% compared to the same quarter last year. Sell-side analysts anticipate that Caterpillar Inc. will post 24.67 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is presently 30.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CAT. Rothschild & Co Redburn increased their target price on shares of Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Bank of America increased their target price on shares of Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Sanford C. Bernstein increased their target price on shares of Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Citigroup increased their target price on shares of Caterpillar from $905.00 to $1,020.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and an average target price of $923.14.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total value of $14,928,254.40. Following the completion of the sale, the insider directly owned 46,041 shares in the company, valued at $42,210,388.80. This trade represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the completion of the sale, the insider owned 86,029 shares of the company’s stock, valued at approximately $79,397,884.68. The trade was a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 98,273 shares of company stock valued at $89,439,960. 0.33% of the stock is currently owned by insiders.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.